Gov’t: Great Recession bit less weak than thought

Published July 27, 2012 1:27pm ET



WASHINGTON (AP) — Here’s a small consolation: The Great Recession wasn’t quite as horrendous as previously thought.

But it was still pretty horrendous: Updated government estimates from January 2009 through December 2011 show that the downturn remains by far the worst recession since the Great Depression.

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